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 Replies: 17 / Views: 2,989 |
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Pillar of the Community
United States
1202 Posts |
When the penny goes away and prices rise. Wouldn't be worth it to sell now IMO.
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Rest in Peace
United States
18456 Posts |
Sid , who do you intend on selling it to ? Dealers will not buy them , collectors will not buy them , and the smelters won't buy because it's still illegal to melt copper cents . 95% copper Lincolns are still in abundance and still circulating with no shortage to speak of ,so why would anyone buy them ?  |
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Rest in Peace
10197 Posts |
 T-Bop, I even have the fancy copper rounds @ 3 lbs of it that to sell now would be ridiculously stupidociously defunctitorily insane in today's market. PM's are a buyers market not a sellers and won't be for quite some time it seems. So much for Bullion flipping...   Edited by Crazyb0
04/06/2017 8:48 pm
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Valued Member
 United States
65 Posts |
Edited by Sid1776
04/06/2017 9:36 pm
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Pillar of the Community
Canada
2781 Posts |
hoarding copper isn't worth it. silver takes up 100x less space and the market will fluctuate enough that you could actually call it an investment.
if it sells by the pound instead of the ounce I wouldn't keep it.
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CCF Advertiser
United States
1533 Posts |
Soybeans sell by the ton and you can make money buying and selling it. You usually don't store them in your office, though.
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Rest in Peace
10197 Posts |
When the 1oz copper rounds came out I bought the series coins, just becausevthey looked sharp, not for any " investment purpose", that would be the "Precious" metals, of which copper is not among the major players anymore, (too much scrap). I used to give out the patriotic copper rounds to my contracting customers, more appreciative than a silly pen!
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Pillar of the Community
United States
6130 Posts |
I think copper peaked around 6 years ago, and has been hovering around "not even worth it" since then. I dumped 75+ pounds ($110) into a coinstar a few months back for an Amazon gift card. No regrets here. |
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Pillar of the Community
Norway
1358 Posts |
Just let them be. They don't eat bread and they don't require their own tv. Right now the market is bad for copper, and copper hoarding never lived up to the expectations a significant group of people had a few years ago. But the world is a dynamic place, so who knows what happens next?
I honestly don't care much about what other people do or claim to do with copper hoards now. It's what's feasible for you, and then T-BOP is spot on.
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Valued Member
United States
110 Posts |
My copper pennies are in large clear plastic containers, the two or three gallon size. So they make interesting conversation pieces.
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Valued Member
United States
65 Posts |
Wow, okay, I guess I'll return them  |
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Moderator
 United States
189767 Posts |
If you have the space for them, then keep them. Hoarding copper is a long term play at best. Otherwise just dump/deposit for face value.
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Pillar of the Community
United States
5212 Posts |
I have about 800lbs of copper cents sitting around.
I used to have a buyer when copper was $3/lb.
When it tanked to $2/lb overnight he disappeared.
I stopped getting boxes of cents after the drop.
I would sell to anyone who shows up to take them off my hands for a profit.
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Rest in Peace
United States
18456 Posts |
I hope their on a concrete slab  |
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Moderator
United States
54283 Posts |
Quote:
I have about 800 lbs of copper cents sitting around. That's about 116,000 coins ($1,160.00). |
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Replies: 17 / Views: 2,989 |
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Posted 04/06/2017 8:17 pm
